Financial targets

SSM has adopted new financial targets during 2020 based on the company’s business plan for 2020–2024. The new targets and levels reflect the company’s strategic focus on developing increased share of rental projects.

The company’s financial targets and dividend policy are as follows:

Operating margin >10%
Average over a five-year period, i.e. estimated time for turnover of the project portfolio. Individual years may impact the business mix of cooperative apartment and rental projects.

Debt/equity ratio >40%
Reconciliation takes place on December 31 each year.

Return on equity >15%
Average return over a five-year period, i.e. the estimated time for turnover of the project portfolio. Individual years may impact the business mix of cooperative apartment and rental projects.

Dividend policy >30% of the year’s profits after tax
The policy was adopted in conjunction with the company’s stock exchange listing in 2017. Please note, however, that no dividends will be paid until the company has repaid current outstanding bond loans in full.